Five Star IPO Lock-Up - Over US$1.3bn Lockup Release with Less than US$1m ADV
Five Star Business Finance (FIVESTAR IN) raised around US$190m in its India IPO in Nov 2022. Its US$1.3bn worth IPO lockup expiry is coming up soon.
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Five-Star Business IPO - RHP Updates and Peer Comparion
Five Star Business Finance is looking to raise around US$250m in its upcoming India IPO. In this note, we talk about the RHP updates and undertake...
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India: AMFI Stock Reclassification Preview
With 9 trading days to go in the review period, we see 5 stocks moving from Mid to Large and 7 stocks moving the other way. 2 new listings will be...
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LIC Housing – Dizzying Gearing, Soaring Bad Loans
The risks are obvious even if it’s housing lending. Debt/equity is 996% for LIC Housing Finance (LICHF IN), higher than any other NBFC in India as...
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India: Loan Growth Lowest on Record
India’s banks are now recording domestic loan growth at 5.9% YoY in the latest available figures, for November 2017. In CEIC's India Monetary...
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